GOLD OUTLOOK for the rest of Q4 2024 and Weekly Outlook In this outlook I share my elite edge that I've never shared before with anyone, in hopes that it will help you with obtaining the biggest moves in your trading career. In my opinion, I believe that we have capped the high for the Gold trading year, and now we are trading the closing wick back into the overall range. In this broadcast I share projections and insights that should help you get on side with the market so that you can participate in the massive move on the near horizon. Thanks and enjoy.
Quaterstheory
GBPNZD 63 day trendSince April 13th, we have seen the GBPNZD trade between a range of 1.920 and 1.960.
Quarterly trends:
It's been 504- days (8 quarters) since the price has moved above this price briefly, creating a wick on larger time frames. There have been 13 instances in the past 53 days where the stock price has been at or above the 252-day average price (4 quarters), which represents a 0.245% portion of time. It is evident from the 189- days (3 quarters) that the price is stagnant and there is a possibility of a one-day reversal.
Vix Fix:
Vix fix suggests that price contraction into smaller volatility channels is continuing. This could be interpreted as bullish for the GBPNZD, even though the 2022 season looks bearish overall. What this means for traders is that we should look for opportunities to sell at high points, and be alert for sharp reversals around 1.920. The 63-day EMA on the VIX Fix indicates that the sell-offs are becoming less severe as we move into the second quarter of the year. This can be seen as a result of the weak uptrend we have been observing.
The next 63 days
The 63-day outlook shows a low of 1.903 and a high of 1.980. I am looking for a break of the April 13th range and ultimately a short trade. However, this will not be confirmed until the price breaks and confirms below 1.903.
Long EUR/GBP INSTANT BUY 📈
ENTRY: 0.85455
TP1: 0.85650
TP2: 1.85990
TP3: 1.86290
TP4: 1.86550
SL: 0.85329
EURGBP has been ranging forever and can't seem to break through the quaterpoint (You can see the rejections), last week we had a "higher high" which broke previous structure" (Indicating potential trend reversal) and also higher lowers, along with this we have bullish patterns/candlestick formations, long is looking good!